Monies Due For In San Jose

• Category: Loans and Lending - Assignments
• State: Multi-State
• City: San Jose
• Control #: US-00422
• Format: Word; Rich Text

Description

The Assignment of Money Due is a legal form utilized for the transfer of rights to collect money owed on a debt, specifically in San Jose. This document allows an Assignor to legally assign their interests in a debt to an Assignee, thereby facilitating the collection process. Key features include the ability to describe the specific debt being assigned, the declaration of it being a non-recourse assignment—meaning the Assignee bears the risk of collection—and the Assignor's warranty of the debt's validity. Filling instructions recommend that the parties accurately complete the necessary fields, including the description of the debt and the date of the assignment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to document the transfer of receivables effectively. Use cases may involve businesses selling accounts receivable or individuals seeking to transfer their entitlement to overdue payments. By utilizing this form, legal professionals can ensure compliance and clarity in the assignment process, thereby protecting the interests of both parties involved.